Home Price to Income Ratio

Re:Home Price to Income Ratio by jeffbee on Monday September 20, 2021 @04:42PM (#28598743)

I know in Berlin they consider themselves to be having a housing crisis but last I checked apartments in desirable districts of Berlin were like a quarter of Bay Area housing prices, for example < €1000/mo for a 2 bedroom / 50 m^2 apartment.

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Re:Home Price to Income Ratio by ChuckNorris89 on Monday September 20, 2021 @04:45PM (#28598779)

When was that? Prices are higher now for something decent. Also I was taking about buying property not renting.

>districts of Berlin were like a quarter of Bay Area housing

So what? Nothing touches Bay Area prices, even in the US. And then there's the income difference as well.

Try comparing to something more similar like Texas. Last I checked average dev wages in Austin are easily 2x more than average dev wages in Berlin while buying a house there costs the same. So who's buying power is stronger then?

Buying something decent in Germany now, in the current market is nearly impossible without an inheritance.

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Re:Home Price to Income Ratio by jeffbee on Monday September 20, 2021 @04:51PM (#28598848)

Before COVID-19, when I was still allowed to travel :-/

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Re:Home Price to Income Ratio by ChuckNorris89 on Monday September 20, 2021 @04:53PM (#28598869)

Prices are higher now. And please don't compare Berlin to SF it's apples and oranges.

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Re:Home Price to Income Ratio by Ekaros on Monday September 20, 2021 @05:24PM (#28599188)

So are the wages. Or maybe not exactly that bad, but they are no where close.

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